Teddy Bear Corp , has 30,000 shares of common stock outstanding at the end of 2018. Teddy Bear Corp, also has 50, 15-year, 8% convertible bonds, each with face value of $1000. Each bond is convertible into 40 shares of common stock. During 2018, Teddy Bear Corp. earned a net income of $61,200 after deducting all expenses. The tax rate was 40%. Compute the diluted earnings per share for 2018.